Sold by: Next Move Strategy Consulting
Deployed on AWS
The global Smart Home Market is projected to reach USD 462.94 billion by 2030, growing at a CAGR of 19.4%. Rising disposable incomes are expanding the consumer base, driving demand for a diverse array of smart devices and systems.
Overview
A smart home, also known as a connected home, refers to a residence equipped with advanced technology and automation systems that enable the control and monitoring of various household devices, appliances, and security features through a centralized network. These smart devices can be remotely managed and often respond to voice commands or preset schedules, enhancing convenience, energy efficiency, and security for homeowners. Smart homes typically include elements such as smart thermostats, lighting systems, security cameras, voice assistants, and other interconnected devices designed to improve the overall living experience.
Download FREE Sample: https://www.nextmsc.com/smart-home-market/request-sample
Rising disposable income significantly propels the smart home market. It empowers consumers to afford and invest in smart technologies that enhance their quality of life. With greater financial flexibility, consumers can retrofit their homes with smart devices, personalize their setups, and opt for comprehensive solutions ranging from energy-efficient systems to premium brands. They are more inclined to embrace smart home ecosystems, hire professionals for integration, and be early adopters of these innovations. In luxury real estate, smart features are integrated, and home improvement projects often include smart home upgrades. Overall, increased disposable income broadens the market by expanding the consumer base and driving the demand for a wide range of smart devices and systems.
IoT devices also automate tasks, such as adjusting thermostats based on occupancy and weather conditions, leading to energy savings and comfort. IoT ecosystems are scalable and customizable and support health monitoring. This attracts consumers with continuous innovation and data insights. The affordability of IoT devices encourages more people to embrace the smart home lifestyle, making it an integral part of modern living.
The growth of the smart home market faces a significant hurdle due to security concerns associated with these connected systems. Smart devices such as thermostats, cameras, and door locks are susceptible to hacking, which can compromise the privacy and safety of residents. This vulnerability often stems from weak or easily guessable passwords and inadequate Wi-Fi network security. Hackers exploit these weaknesses to gain unauthorized access, potentially controlling devices or accessing sensitive data. To mitigate these risks, smart homeowners must prioritize robust password practices, regularly update device firmware, and secure their home networks to reduce the threat of cyber-attacks and safeguard their smart homes against potential breaches.
Blockchain technology, known for its strong security and transparency features, holds significant potential to bolster the security and privacy of smart home systems. It achieves this by encrypting and securely storing sensitive smart home data, granting users control over people permitted to access their information and minimizing the risk of unauthorized access. Blockchain verifies device identities, ensuring only trusted devices interact within the smart home network. It also automates tasks through tamper-proof smart contracts.
Access full report - https://www.nextmsc.com/report/smart-home-market
North America dominates the smart home market. The rapid growth of digitalization coupled with a strong focus on Energy Efficiency Initiatives in countries including the U.S. and Canada drive the global market in the region. Consumers increasingly adopt smart home technologies to enhance convenience and control as more aspects of daily life become digitally connected. The market in the U.S. is expected to grow steadily in the next five years.
Several market players operating in the smart home industry include LG Electronics, ASSA ABLOY, Amazon, Inc., Samsung Electronics, Sony, Emerson Electronic Co., Johnson Controls International PLC, Centrica Connected Home Limited, Resideo Technologies, Inc., Apple, Inc., and others. These market players are adopting product launch strategies across various regions to maintain dominance in the smart home industry.
About Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider committed to delivering high-quality market research reports. We assist multinational companies in gaining a competitive edge and expanding their industry presence by capturing a larger market share. Our research methodology combines primary, secondary, data mining, and analytics to deliver reliable insights.
Over a decade, we have served over 1,000 global customers, including 90% of Fortune 500 companies. Our analysts constantly monitor high-growth markets and uncover hidden opportunities in various sectors. We offer top-quality syndicated and custom research reports across ten different industry verticals, catering to your unique business needs. Our industry-standard delivery solutions, from pre-consultation to after-sales services, ensure an exceptional client experience and support informed strategic decision-making.
Contact Us:
Next Move Strategy Consulting
E-Mail: info@nextmsc.com
Direct: +1-217-650-7991
Website: https://www.nextmsc.com/
Details
Delivery method
Deployed on AWS
New
Introducing multi-product solutions
You can now purchase comprehensive solutions tailored to use cases and industries.
Features and programs
Financing for AWS Marketplace purchases
AWS Marketplace now accepts line of credit payments through the PNC Vendor Finance program. This program is available to select AWS customers in the US, excluding NV, NC, ND, TN, & VT.
Pricing
This product is available free of charge. Free subscriptions have no end date and may be canceled any time.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
Vendor refund policy
All sales are final; no refunds or returns are accepted. Our reports include sensitive, researched data from various sources, including industry experts and paid services. We ensure confidentiality and offer customization at an additional cost. Please review our terms before purchase. For inquiries, contact customer service.
Legal
Vendor terms and conditions
Upon subscribing to this product, you must acknowledge and agree to the terms and conditions outlined in the vendor's End User License Agreement (EULA) .
Content disclaimer
Vendors are responsible for their product descriptions and other product content. AWS does not warrant that vendors' product descriptions or other product content are accurate, complete, reliable, current, or error-free.
Delivery details
AWS Data Exchange (ADX)
AWS Data Exchange is a service that helps AWS easily share and manage data entitlements from other organizations at scale.
Additional details
You will receive access to the following data sets.
Data set name | Type | Historical revisions | Future revisions | Sensitive information | Data dictionaries | Data samples |
|---|---|---|---|---|---|---|
NMSC_MarketResearch | All historical revisions | All future revisions | Not included | Not included |
Resources
Vendor resources
Similar products
IP Intercom Market Size, Trends and Insights By Type (Visible, Invisible), By Application (Commercial, Government, Industrial, Residential, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 - 2034
The global Window Covering Market is witnessing dynamic growth, driven by rising urbanization, technological innovations, and the expansion of the e-commerce sector. The market is projected to reach USD 41.02 billion by 2030, offering opportunities across residential, commercial, and industrial sectors.
According to a recent study conducted by Next Move Strategy Consulting, the global Infrared Detector Market is projected to achieve substantial growth, reaching a valuation of USD 806.0 million by the year 2030. The market is anticipated to register a commendable CAGR of 5.3% during the forecast period.
The global Disabled and Elderly Services Market is projected to achieve a valuation of USD 552.64 billion by the close of 2025. It is anticipated to expand significantly, reaching USD 782.38 billion by 2030, with a compound annual growth rate (CAGR) of 7.2%. The sector is experiencing a dynamic transformation, fueled by an aging population, increasing chronic disease prevalence, and the rapid integration of advanced technologies.